The Florida Office of Insurance Regulation has notified two homeowners insurers that it is rejecting requests for average rate increases of 78.9 and 92.4 percent.
OIR said it issued notices of Intent to Disapprove rate filings from Home Pointe Insurance Company, seeking a 92.4 percent hike, and Cincinnati Insurance Companies, asking for a 78.9 percent boost.
OIR's action is the latest concerning a blizzard of insurers' requests for steep increases in the wake of last year's big hurricane losses.
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